Vacant Three-Story Mixed-Use
For Sale
Contact for pricing
3199 Fulton Street, Brooklyn, NY 11208
Ground-floor commercial space includes an office, restroom, and cellar access.
Property Size4,325 SF
Price / SF$231.21
Days on Market8
Property Features for 3199 Fulton Street
General Information
Standard status
Active
Size
4,325 SF
Property subtype
Retail, Mixed Use
Zoning
R6B | C2-4 | EC-6
Investment Type
Value Add
Additional Details
Public Transit
Yes
Building Details
Buildings
1
Stories
3
Listing Agency:
Invictus Property Advisors
Listed By:
Andrew Levine · License #NY 10491208655
Source:
Crexi
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 4 at 6:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Invictus Property Advisors
Investment Insights
Based on property information with market context.
This vacant three-story mixed-use property contains 4,325 square feet of existing improvements. The ground level provides over 1,600 square feet of commercial area with an office, restroom, and cellar access. Upper floors are arranged as expansive open assembly areas with shared restroom facilities. The building is delivered fully vacant and offers an existing structure for renovation and reconfiguration. Potential future plans may include an Alteration-1 conversion with retail at street level and residential units above, subject to required approvals and permits. Zoning is identified as R6B | C2-4 | EC-6.
The property is located at 3199 Fulton Street in Brooklyn, within the Cypress Hills section and along the Fulton Street corridor. Norwood Avenue subway station is one block away, while Crescent Street subway station is within walking distance; both serve the J and Z lines. Bus service operates along Fulton Street, connecting the surrounding Brooklyn and Queens area.
The property is located at 3199 Fulton Street in Brooklyn, within the Cypress Hills section and along the Fulton Street corridor. Norwood Avenue subway station is one block away, while Crescent Street subway station is within walking distance; both serve the J and Z lines. Bus service operates along Fulton Street, connecting the surrounding Brooklyn and Queens area.
Key Highlights
- 4,325‑square‑foot vacant three‑story mixed‑use property
- Over 1,600 square feet of ground‑floor commercial space
- Open assembly areas occupy the second and third floors
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $155.7k | $36.00 |
| − Vacancy | −$12.1k | −$2.81 |
| EGI | $143.6k | $33.19 |
| − OpEx | −$53.8k | −$12.45 |
| NOI | $89.7k | $20.75 |
4,325 SF · lease $36.00/SF/yr · vacancy 7.80% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.50M
NOI $89,722 @ 7.0% cap · market cap 8.97%
Second Best
Retail
$1.14M
$995.1K – $1.33M
NOI $79,606 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,246 @ 7.0% cap · market cap 18.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,645
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 38%
Groceries 12%
Electronics 4%
McDonald's
Dining
30,359 visits/mo
0.3 miles
Wendy's
Dining
27,662 visits/mo
0.2 miles
Capital One Bank
Shops & Services
18,839 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
17,803 visits/mo
0.2 miles
White Castle
Dining
16,588 visits/mo
0.4 miles
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Brooklyn, NY
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space includes an office, restroom, and cellar access.
Where is this mixed-use property located?
The property is located at 3199 Fulton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: 4,325‑square‑foot vacant three‑story mixed‑use property; Over 1,600 square feet of ground‑floor commercial space; Open assembly areas occupy the second and third floors
